The investment sales market picked up tremendously in the third quarter, partly due to large scale transactions in China. Both domestic and cross-border investors are still actively looking for opportunities offering stable returns.

Tokyo’s CBD expects a glut of high-quality supply to come online through 2020. This rapid increase in NRA may soften rental levels over the short to medium term, but it will also breathe new life into some of the city’s most up-and-coming districts. Capital values, infrastructure quality, and district image should all increase as Tokyo’s already modern office market grows even more state-of-the-art.